New bullish movement coming on GOLD (GC) by ThinkingAntsOk
Use this as a guide to develop your view of the situation:
Main items we can see on the chart:
a)We should Focus on the "Major Support Resistance Zone."
b)Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it."
c)After the price testing the zone as a resistance we saw a breakout with a bullish movement
d)Currently, we can observe that the price tested 3 times the zone as a support
e)We can conclude that we are in a strong area and we can see 2 corrective structures (yellow lines)
f)Our Analysis is that if the price breaks above 1750.00 we can expect a bullish movement towards the two Fibo extensions
g)We will trade this analysis and our TARGET will be 1895.00
Main items we can see on the chart:
a)We should Focus on the "Major Support Resistance Zone."
b)Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it."
c)After the price testing the zone as a resistance we saw a breakout with a bullish movement
d)Currently, we can observe that the price tested 3 times the zone as a support
e)We can conclude that we are in a strong area and we can see 2 corrective structures (yellow lines)
f)Our Analysis is that if the price breaks above 1750.00 we can expect a bullish movement towards the two Fibo extensions
g)We will trade this analysis and our TARGET will be 1895.00
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.